Meta Materials Inc Leases Office Space At 85 Rangeway Rd In North Billerica, MA
85 Rangeway Road
$16
$16/SF
Building Size
12,655 SF
Asset Type
—
Closing
Feb 2, 2020
AI
The office property located at 85 Rangeway Rd in North Billerica, MA has been leased to Meta Materials Inc. The lease transaction was facilitated by brokers Jim Bartholomew & Mike Ogasapian from R.W. Holmes. The property is owned by K&L Realty.
Summary of transaction details
- Property Type: Office
- Lease Date: 02/03/2023
- Address: 85 Rangeway Rd, North Billerica, MA
- Market: North Billerica, MA
- Landlord: K&L Realty
- Tenant: Meta Materials Inc
- Brokers: Jim Bartholomew & Mike Ogasapian - R.W. Holmes
- Asking Rent: $16.50/ft.
- Square Footage: 12,655 SF
Jim Bartholomew and Mike Ogasapian from R.W. Holmes represented Meta Materials Inc in the lease deal. Their expertise in the local market and knowledge of office properties contributed to successfully securing the lease for their client. K&L Realty, the owner of the property, leased it to Meta Materials Inc for a competitive rent of $16.50 per square foot.
Players
North Billerica CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
991437.50%
Cash-on-Cash
-283355.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93